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what it is
TFS is a thrift that makes home loans, gathers deposits, and quietly runs branches across Ohio and Florida.
how it gets paid
Last year Tfs Financial made $763M in revenue. one-to-four family mortgages was the main engine at $458M, or 60% of sales.
why it's growing
Revenue grew 4.0% last year. Revenue moved higher, but profit did not. That is plain English for a bank growing the top line faster than the bottom line right now.
what just happened
Quarterly revenue reached $198M, up 6% vs. prior year, while EPS stayed flat at $0.08.
At a glance
B+ balance sheet — decent shape, but not bulletproof
90/100 earnings predictability — you can trust these numbers
43.3x trailing p/e — you're paying up for this one
8.4% dividend yield — cash in your pocket every quarter
$0.32 fy2025 eps est
xvary composite: 66/100 — average
What they do
TFS is a thrift that makes home loans, gathers deposits, and quietly runs branches across Ohio and Florida.
TFS wins by being boring where your money wants boring. It has 36 full-service branches across Ohio and Florida, plus 2 lending offices, giving you a local mortgage-and-deposit machine that is hard to fake overnight. The stock also carries a 90 out of 100 price stability score, which is plain English for shares that have acted calmer than most banks.
How they make money
$763M
annual revenue · their business grew +4.0% last year
one-to-four family mortgages
$458M
home equity loans
$137M
home equity lines of credit
$61M
retail deposit and banking fees
$53M
auto lending
$31M
third capital and other
$23M
The products that matter
originates residential mortgages
Mortgage Lending
$13.8B loan portfolio
this $13.8B loan book is the core engine. it generates the interest income that has to support both the bank and the dividend story.
core engine
funds the loan book
Deposit Accounts
$7.5B deposits
these $7.5B of deposits are the raw material for lending. if deposit costs rise faster than mortgage yields, your income thesis gets squeezed at the source.
funding base
Key numbers
8.4%
dividend yield
That yield is huge for a bank. It is the main reason many people own the stock.
43.3x
trailing p/e
P/E ratio → price compared with earnings → so what: you are paying a premium multiple for a slow-growing lender.
$763M
annual revenue
That is the size of the business today, up 4.0% vs. prior year based on SEC filing data.
90
price stability
Price stability → how jumpy the stock has been → so what: TFS has traded calmer than many financial names.
Financial health
B+
strength
- balance sheet grade B+ — solid but not elite
- risk rank 2 — safer than 80% of stocks
- price stability 90 / 100
B+ — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for TFSL right now.
source: institutional data · return history unavailable
What just happened
held steady
Quarterly revenue reached $198M, up 6% vs. prior year, while EPS stayed flat at $0.08.
Revenue moved higher, but profit did not. That is plain English for a bank growing the top line faster than the bottom line right now.
$198M
revenue
$0.08
eps
6%
revenue growth
the number that mattered
The key number was $198M in quarterly revenue because it shows TFS is still growing, even while EPS stayed flat at $0.08.
source: company earnings report, 2025
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What could go wrong
the #1 risk is net interest margin compression in a mortgage-heavy thrift.
high
Net interest margin compression
TFSL lives on spread income. That means the gap between what its $13.8B loan book earns and what its $7.5B deposit base costs cannot shrink much before earnings feel it.
If deposit costs rise faster than mortgage yields, the 8.4% yield stops looking like a feature and starts looking like a warning.
med
Mortgage concentration
You own a lender tied to residential housing demand. With a $13.8B mortgage-heavy book, slower home sales or weaker refinancing activity would hit the core business directly.
A softer housing market would not wreck TFSL in one quarter, but it would make repeating 4.0% revenue growth harder.
med
Dividend reliance
The stock's main attraction is the 8.4% yield. That creates a single point of emotional failure: if earnings wobble, income-focused shareholders will notice first and ask questions later.
Miss the $0.32 EPS estimate by enough and the stock loses the one part of the story people are paying up for.
med
Valuation reset
A 43.3x trailing p/e is a generous multiple for a thrift growing revenue 4.0%. That premium only holds if the market keeps treating TFSL as a dependable income placeholder.
If the payout looks less durable, you are left owning a slow-growing bank at a fast-growing-stock multiple.
$13.8B of loans, $7.5B of deposits, an 8.4% yield, and a $0.32 EPS estimate all point to the same conclusion: this thesis is less about growth than about the spread income staying intact.
source: institutional data · regulatory filings · risk analysis
Pay attention to
income math
earnings versus the $0.32 estimate
this is the cleanest tripwire on the page. if earnings slip under the current estimate, the dividend debate gets louder fast.
spread trend
loan yields versus deposit costs
you do not need a full bank model here. watch the spread. if funding costs rise faster than asset yields, the thesis weakens.
housing risk
mortgage demand in core markets
a mortgage-heavy lender with a $13.8B book is tied to housing activity. softer demand would pressure both growth and fee generation.
calendar
next earnings update
this is when you check whether the boring story stayed boring. for TFSL, boring is good. surprises usually are not.
Analyst rankings
earnings predictability
90 / 100
in human-speak: analysts see TFSL as unusually steady. this is not a bank built on quarterly drama.
risk rank
2
a rank of 2 means safer than roughly 80% of stocks in the database. for a lender, that matters because safety is part of what you are buying.
price stability
90 / 100
the stock usually trades like an income holding, not a high-volatility financial name. same sector, very different temperament.
source: institutional data
Institutional activity
institutional ownership data for TFSL is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$14
current price
n/a
target midpoint · n/a from current
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